SOL Daily Technical Analysis
Solana
High-performance blockchain supporting fast and inexpensive decentralized apps and NFTs.
SOL Technical Analysis Summary
Solana is currently in a steep downtrend, trading significantly below all major moving averages. The recent 'Death Cross' and breakdown below the $120 level reinforce a bearish long-term outlook, although the RSI entering oversold territory suggests a potential pause or minor relief rally near the $100 psychological support. Momentum remains strongly negative with no signs of reversal yet visible.
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SOL Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading sharply lower below the 20-day SMA and riding the Lower Bollinger Band. MACD histogram shows expanding negative momentum, and volume on down candles is significant.
Long-term Sentiment (weeks to months): Bearish
The asset is in a clear long-term downtrend with price well below the falling 200-day SMA. A 'Death Cross' (50 SMA crossing below 200 SMA) confirms structural weakness.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T13:02:00.116Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $99.16 | $98.31 - $100.00 | Weak | Confluence of the Lower Bollinger Band (98.31) and the psychological $100 level. Immediate dynamic support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $126.00 | $124.17 - $127.83 | Strong | Cluster of the 20-day SMA and 50-day SMA, which act as immediate dynamic resistance. |
| $137.50 | $135.00 - $140.00 | Weak | Previous consolidation zone and recent breakdown level. |
| $169.50 | $169.00 - $170.00 | Strong | The 200-day SMA serves as the major long-term trend resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Death Cross | Bearish | N/A | The 50-day SMA (orange) has crossed below the 200-day SMA (blue), a classic lagging indicator of a long-term bear market. |
| Strong | Bearish Breakdown | Bearish | $90.00 | Price recently broke below the consolidation support around 120, accelerating the move toward 100 on expanding volume. |
| Weak | Oversold Condition | Neutral | N/A | RSI is currently at 29.97 (below 30), suggesting the selling may be overextended in the very short term. |
Frequently Asked Questions about SOL
What is the current sentiment for SOL?
The short-term sentiment for SOL is currently Bearish because Price is trading sharply lower below the 20-day SMA and riding the Lower Bollinger Band. MACD histogram shows expanding negative momentum, and volume on down candles is significant.. The long-term trend is classified as Bearish.
What are the key support levels for SOL?
StockDips.AI has identified key support levels for SOL at $99.16. These levels may represent potential accumulation zones where buying interest could emerge.
Is SOL in a significant dip or a Value Dip right now?
SOL has a Value Score of 95/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.